01/25/2008
Futures Contracts: Comex Gold Futures (GC), miNY Gold (QO), and Asian Gold (QS)
Contract Months: All Months
Rate Change:
COMEX Division Margins on Gold Futures Contracts
| Member: Clearing and Non-Clearing (Hedge Margin) | New: $3,500 |
Old: $3,000 |
| Non-Member Customer (Speculative Margin): | New: $4,725 |
Old: $4,050 |
COMEX Division Margins on miNY (QO) Gold Futures
Contracts
| Member: Clearing and Non-Clearing (Hedge Margin) | New: $1,750 |
Old: $1,500 |
| Non-Member Customer (Speculative Margin): | New: $2,363 |
Old: $2,025 |
COMEX Asian Gold Futures Contracts
| Member: Clearing and Non-Clearing (Hedge Margin) | New: $1,125 |
Old: $965 |
| Non-Member Customer (Speculative Margin): | New: $1,519 |
Old: $1,303 |
Inter - Exchange Spread Credit on Gold vs. Platinum
Spread Credit |
||||||||
Spread |
Ratio |
Combined Full Margin |
Clearing Member/Member/Hedge Spread Charge |
Non-Member Spread Credit |
Gold Leg |
Platinum Leg |
Combined |
|
Gold/Platinum |
1:02 |
Old |
$7,000 |
$550 |
$743 |
$1,950 |
$2,450 |
$5,900 |
New |
$7,500 |
$550 |
$743 |
$1,950 |
$2,950 |
$6,400 |
||
Inter - Commodity Spread Credit on Gold vs. Silver
| Spread | Ratio |
Combined Full Margin |
Clearing Member/Member/Hedge Spread Credit |
Non-Member Spread Credit |
Percentage Credit of Total Outright |
|
| Gold/Silver | 2:03 |
Old |
$19,500 |
$9,750 |
$13,163 |
50% |
| New |
$20,500 |
$10,250 |
$13,838 |
50% |
This notice supersedes all previous notices regarding outright margin rates for the COMEX Gold Futures and COMEX miNY Gold Contracts.